Two-Phase

The IC Funded Two-Phase Challenge requires traders to complete two phases to receive a funded account, with six account sizes ranging from $5,000 to $500,000. The maximum leverage allowed is 1:50, and traders can manage up to $500,000 in capital.

In Phase 1, traders must achieve a 10% profit, with a daily drawdown limit of 5% and an overall drawdown of 10%, over a minimum of 5 trading days. Phase 2 reduces the profit target to 5% with the same drawdown limits and trading day requirement.

Once funded, traders have no set profit targets, but must adhere to the 5% daily and 10% overall drawdown limits. Profit split starts at 75/25, with potential scaling up to 80/20 (after month). Traders can request withdrawals after 14 days, with the first withdrawal eligible after 30 days, including a refund of the challenge fee.

Upon successfully completing the evaluation process, participants are presented with two options regarding their account balance. First, they may opt for an IC Funded account, maintaining the same balance as their Evaluation account. Alternatively, they can choose to increase their Evaluation account balance at no additional cost.

Should participants select the second option and complete the evaluation with an increased balance, they will once again face the same decision: either further elevate their Evaluation account balance or transition to the IC Funded account with the new balance.

It is important to note that the maximum allowable allocation is capped at $500,000.

Comparison of Direct Challenge Costs

We compare the direct costs of participating in the challenge offered by IC Funded with the average market costs. This analysis enables understanding of how IC Funded fares against its competitors in terms of pricing. The costs for the challenge at IC Funded for the Two-Phase challenges are below the market average.

Comparison of Costs Relative to Drawdown

It is important to note that the size of drawdown has a significant impact on what we actually receive for the money spent. IC Funded challenge has a drawdown at the level of 10%. Therefore, we additionally compare how much drawdown we receive in relation to the dollar spent.

Evaluation of the Cost-Effectiveness of the Glow Node Account Challenge

Based on the above data, as well as algorithms we have developed, we assess the cost-effectiveness of purchasing IC Funded as good compared to the market average. The expenditure efficiency in the context of drawdown indicates a better cost-effectiveness than the market average.

The data on average market prices was updated on 10.10.2024.

Forex

Metals

Commodities

Indices

IC Funded website stands out for its exceptional UX design, offering clear, accessible information, a streamlined registration process, and robust technological and trading infrastructure. It effectively guides users through understanding the company’s services, registering an account, and purchasing a trading challenge. The user-friendly design and consistent branding significantly enhance the user experience. Moreover, the site’s intuitive layout and informative content structure contribute to an effortless navigation experience. 

Server Provider

IC Funded uses IC Markets as its broker, a global forex and CFD provider established in 2007 in Australia. IC Markets is known for offering low-cost trading and deep liquidity, making it popular among day traders and scalpers. Regulated by ASIC, CySEC, and the FSA, the broker ensures compliance with international financial standards. It provides access to a wide range of financial instruments through platforms like MetaTrader 4, MetaTrader 5, and cTrader. With a Trustpilot rating of 4.8/5, users praise IC Markets for its low spreads, platform stability, and strong customer support.

Platforms

Deposits

IC Funded offers a variety of payment options for the challenge. Payments can be made using Visa and Mastercard for card transactions, as well as through cryptocurrency Tether  (USDT) payments. For customers in Southeast Asia, local currency options are available, including THB (Thai Baht), VND (Vietnamese Dong), and MYR (Malaysian Ringgit). Additionally, payments from Africa can be made in ZAR (South African Rand), NGN (Nigerian Naira), GHS (Ghanaian Cedi), and KES (Kenyan Shilling). Customers in Vietnam, Thailand, or Malaysia can utilize PapayaPay for local currency transactions, which ensures a smoother payment experience. It is important to note that specific payment methods may vary based on the registration country.

Withdrawals

Traders at IC Funded can process withdrawals using cryptocurrency USDT TRC20 and bank wire transfers. Once a trader successfully completes the challenge and receives a funded account, profits can be withdrawn. There are no maximum limits on withdrawals, but minimum withdrawal amounts are set at $20 for bank wire transfers and $150 for crypto payouts. While IC Funded does not impose withdrawal fees, intermediary banks or financial institutions may charge their own fees.

Withdrawal requests for cryptocurrencies are typically processed immediately, offering a faster alternative compared to traditional methods. Bank wire transfers may take up to 5 business days to process, depending on the banks involved.

IC Funded provides customer support through email and live chat. Below is a list of available channels:

• Physical Office Address – Room 10, 8/F, Sun House, 90 Connaught Rd Central, Sheung Wan, Hong Kong
• Email ID – support@icfunded.com
• Live Chat –  Directly available from the site.

Email Support

IC Funded actively maintains a social media presence on platforms such as Facebook, Instagram, X and LinkedIn, as well as on YouTube.

X – On page X, you can find giveaways, news, as well as recommendations for trading on financial markets. The activity is quite high.

Instagram – The information here is very similar to that on X. There are promotions, as well as news, giveaways, and trading recommendations.

Facebook – The same information as on Instagram is published on Facebook.

YouTube – The company’s team conducts interviews and podcasts with traders from various countries and publishes them on the YouTube platform. There are also educational videos about the products that this company offers.

LinkedIn – On this platform, you can find information about the company, the employees, and the job vacancies that the company needs.

Evaluations of The 5ers platform:

With an overall rating of 4.5 out of 5, IC Funded has garnered mostly positive feedback from users, driven by efficient customer service, accessible trading conditions, and a professional approach to supporting traders’ growth. This rating suggests a strong favorability from the majority of users, though some challenges related to platform operations have also been noted. Most positive reviews focus on personalized assistance and a smooth trading experience, while negative reviews highlight occasional issues with communication and account funding.

Positive Contributions to High Rating:

Economic calendar 

The economic calendar page features a clean and organized interface, where users can easily navigate through upcoming economic events. Categories such as Forex, Crypto, Stocks, and Commodities are available for selection at the top of the calendar, allowing users to tailor the view based on their interests. Events are listed chronologically, showing the date, time, country, and expected impact level, along with specific data releases or announcements.